NEWS RELEASE. 

June 25, 2013: Montreal, Quebec – Stornoway Diamond Corporation (Stock Profile – TSX:SWY) confirms that strike action taken by the Alliance of Unionized Construction Workers of Québec has been settled with respect to construction activities related to civil and earth works in the province. The limited interruption that this strike action caused to construction activities on the Renard Mine Road is now over, and its impact on Stornoway’s overall development schedule is expected to be negligible. The Renard Mine Road continues to progress on schedule and within budget.

About the Renard Diamond Project

The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Québec. In November 2011, Stornoway released the results of a Feasibility Study at Renard, followed by an Optimization Study in January 2013, which highlighted the potential of the project to become a significant producer of high value rough diamonds over a long mine life.

Probable Mineral Reserves as defined under National Instrument (“NI”) 43-101 stand at 17.9 million carats, with a further 17.5 million carats classified as Inferred Mineral Resources, and 23.5 to 48.5 million carats classified as non-resource exploration upside. All kimberlites remain open at depth. Pre-production capital cost stands at an estimated C$752 million, with a life of mine operating cost of C$57.63/tonne giving a 67% operating margin over an initial 11 year mine life.

To learn more about Stornoway Diamonds – CLICK HERE.

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